Get Approved at The Lowest Rate
Securing a down payment can be one of the biggest challenges on the path to homeownership. That’s why we’re thrilled to offer a comprehensive Down Payment Assistance (DPA) program in Tyler, AL for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Tyler, AL provides a financial boost to eligible homebuyers in Tyler, AL, making it easier to cover the upfront costs of purchasing a home. This assistance is available in the form of a forgivable grant, which means you don’t have to repay it under certain conditions.
Our DPA program is available in most states across the U.S., excluding Washington state. This extensive reach ensures that many aspiring homeowners in Tyler, AL can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Tyler, AL. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Tyler, AL, which can be used for closing costs. This flexibility allows for a more manageable and less stressful home-buying experience.
Enjoy the freedom of homeownership in Tyler, AL without any resale restrictions. You can sell your home whenever you choose without worrying about penalties or limitations.
To qualify for our FHA Down Payment Assistance program, you need to meet the following criteria:
A FICO score of 580 qualifies you for Approve/Eligible status in Tyler, AL, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Tyler, AL.
If you’re still working, you must either be retired or actively volunteer in your community.
We are committed to guiding you through every step of the home-buying process in Tyler, AL. Our experienced team will work closely with you to explore your options, ensuring you make informed decisions that suit your financial situation and homeownership goals.
Don’t let the down payment be a barrier to your dream home. Contact Horizon Lending Services today to learn more about our FHA Down Payment Assistance program in Tyler, AL and take the first step towards owning your home. Our dedicated professionals are here to help you navigate the complexities of home buying with confidence and ease.
Let Horizon Lending Services be your trusted partner in turning your homeownership dreams into reality.
FHA down payment assistance home loans in Tyler, Alabama offer several benefits, including lower down payment requirements, competitive interest rates, and easier qualification criteria for first-time homebuyers. These loans can help individuals and families achieve homeownership with more manageable upfront costs. Demographics: Tyler, Alabama, boasts a diverse population with a mix of young professionals, families, and retirees. The area has a strong community spirit and offers a range of educational opportunities, from top-rated schools to lifelong learning programs. Housing Market: The housing market in Tyler, Alabama, is experiencing steady growth, with a range of property types available to suit different budgets and preferences. The FHA down payment assistance program provides additional support to buyers, making homeownership more accessible in this thriving market. Main Attractions: Tyler, Alabama, is known for its natural beauty, offering outdoor enthusiasts opportunities for hiking, fishing, and other recreational activities. The town also features a vibrant arts and culture scene, with museums, galleries, and local events that showcase the community's rich heritage.
Benefits of FHA Down Payment Assistance Home Loan in Tyler, Alabama
